The European Central Bank is concerned about rising credit risks and deteriorating loans: Enria of Reuters

© Reuters. File picture: Andrea Enlia, Chairman of the European Banking Authority, speaks during an interview with the Reuters summit in London, UK, September 25, 2017. The picture was taken on September 25, 2017. REUTERS/Afolabi Sotunde/File Photo

FRANKFURT (Reuters)-The head of the European Central Bank, Andrea Enria, said on Tuesday that although initial expectations of the problem were too pessimistic, with the cancellation of public support measures related to the pandemic, eurozone banks Facing rising credit risk.

“Several early indicators indicate that asset quality may deteriorate in the future,” Enlia said in a blog post, outlining the focus of supervision in the coming year.

He said: “The non-performing loan ratios of industries that are more vulnerable to the pandemic have also begun to rise.” “This is particularly evident in the accommodation and catering services, air transportation and travel-related industries.”

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